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Show ; PUBLIC INJURED BY BANK GOSSIP National Association Declares Community Interests De mand Protection Against Idle Rumors 1 ' DOTH in their advertising and In their direct contacts with cus tomers and others, bankers should "consciously and persistently de-rotemore de-rotemore time and thought to keep-taS keep-taS people mindful of the fact that hile the bank has' many obliga-loni obliga-loni toward its customers, equally it true that the depositor also has certain obligations to the bank to enable it to properly maintain its Position In the community," a recent statement of the American Bankers Association declares. "A bank admittedly is a semi-pub-jc Institution an : there is a mutual-'r mutual-'r of obligation resting- upon both "e banker and his customers to maintain the effective functioning t that institution that is superior to tt Interests of either," it says. Bankers might well consciously Moti greater effort to building up public viewpoint 'in their com-"Mltiea com-"Mltiea that due to their public "ligations and burden of public in-"'Mt, in-"'Mt, the banks arc entitled to pro-lon pro-lon against ill-informed or mal-l0ui mal-l0ui Kossip and rumors, the state-neat state-neat lays. A to banks in some states, bank lander laws afford this protection," .. Points out. "We recommend that 1 1 Election be availed of by den-Mtion den-Mtion wherever practical both matter of Immediate expedi- ' nd also to awaken public opinio opin-io t t0 the danSers of Idle gossip wut a community's banks." tt. "in- |
